Sales Return from Customer after 180 days

[Former Member]

Hi,

I have a requirement on sales return, if the return is done after 180 days, government does not allow to adjust the respective tax amount relating to that return goods.

For example:/sales invoice:

Customer Dr 110

Tax Cr 10

Sales Cr 100

In case of return this entry will reversed (if it is partial partial amount will be reversed).

Requirement:

If the return is happened after 180 days, tax reverse can not be accepted.

In this case what is the scenario.

1. Is this tax amount goes to Tax expnese account (Dr P/L account)

2. Is this tax amount added to Material Stock value

Please update me which more details.

Thanks

Partha

[Former Member]

done

[Former Member]

partha

can u tell me the solution

[Former Member]

Hi,

From FI prospective, Tax amount should be taken to Sales Tax paid account (P/L expense account).

Its similar to normal sales return, only difference to sales tax amount goes to expense account.

Thanks

Partha

[eduardo_hinojosa]

Hi,

Perhaps Note 34526 - Delivery free of charge and value-added tax will suggest you a solution. You must handle it with a VOFM in the pricing procedure.

I hope this helps you

Regards,

Eduardo